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The company purchased equipment with a cost of $ 5 0 0 , 0 0 0 and estimated residual value of $ 6 0 ,

The company purchased equipment with a cost of $500,000 and estimated residual value of $60,000 and an expected service life of 10 years. Using the double-delining balance method (200%), what would depreciation expense for Year 2 would be?

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